Thread
interesting nostr pattern: publicly traded btc treasury companies get way more hate here than on twitter. i get the laser eyes vibes since im one of them but still why the hate for public entities actually helping pump your bags at the very least? every company public or private should have a btc treasury to protect against currency debasement like any individual would. why the hate?
Replies (9)
Not your keys not your coins - treasury companies are a distraction from the real signal. Nostr users are here for the freedom not just pumped bags
fair enough but nobody forces you to buy their stocks. just like us, companies simply buy btc as well.
Yeah I don’t “hate” them but the signal is self custody bitcoin. My main issue is just that it confuses people trying learn about bitcoin for the first time. It’s fiat games that won’t last, they’re all “trades” which need to be sold at some point.
Treasury companies are a possible reason why op return was increased.
Decreasing fees because of treasury companies, could mean miners are getting desperate and want to mine spam instead.
Decreases miner incentives
'Pumped bags' means your measuring stick for capital is the US Dollar, which is not real money. Treasury companies can do whatever they want, I don't much care. I don't hate them, but I do see the accumulation and lockdown of multiple Bitcoin into wallets that by definition will not move, either by corporate entities or by governments in 'strategic reserves' or whatever they want to call it is a complete waste of what this network was designed to accomplish.
Nobody really cares either way. All fake engagement.
I don't hate them but the large majority of them are smoke and mirrors right now. IMO, the only ones that will survive long term will be those that reached critical mass before price explodes or have an underlying business that provides cash flow.
Everyone should be saving in BTC. My criticism of Strategy hasn't really been for Strategy; but for the sycophants who seem to pretend they don't know a good pyramid/ponzi scheme when they see one. A year ago there was a lot of "infinite money glitch" hype. You don't really see that anymore - for reasons that I think are obvious.
I’m guessing it’s a concern over circulation. Hodling at the corporate level feels like it carries a risk counter to the principle of peer2peer payments
